Option Payments. Merck shall pay Tularik an exercise fee of [ * ] with respect to each Option Program as to which Merck exercises the Merck Option, at the time of each respective exercise and thereupon Tularik's rights with respect to Option Compounds within such Option Program shall be governed by Section 3.3(a).
Appears in 3 contracts
Sources: Collaboration and License Agreement (Tularik Inc), Collaboration and License Agreement (Tularik Inc), Collaboration and License Agreement (Tularik Inc)